Wednesday, July 25, 2012

China's Canadian Energy Play

China's Canadian Energy Play | JunkScience.com
By Editor
President Obama may not want to exploit the energy buried in Canada's Alberta oil sands, but China sure does. Think of Monday's $15.1 billion offer by China's state-owned Cnooc to buy Canadian energy giant Nexen as a post-Keystone XL ...
JunkScience.com
China Continues Push to Control North American Energy | Economy ...
By John Olen
A Chinese oil company has purchased Canadian firm Nexen Inc. for $15.1 billion in cash, expanding China's ever growing presence in the North American energy market. This deal, if approved, will give the Chinese firm CNOOC Ltd access to ...
Economy In Crisis
Why China Is Targeting Canadian Energy - Wall Street - eWallstreeter
Why China Is Targeting Canadian Energy. From: Money and Markets - 7:30am - July 25, 2012. Earlier this week, news broke that China's biggest offshore producer, CNOOC (CEO), purchased Canadian energy firm Nexen (NXY) for $27.50 a ...
eWallstreeter
China's CNOOC scoped Nexen, partnered, then pounced | Energy ...
When Canada's Nexen Inc fired its CEO in January, CNOOC sprang into action. The Chinese oil giant studied its own failed Unocal bid and the BHP-Billiton-Potash Corp debacle, lobbied hard and got the Nexen board on its side.
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US lawmaker: No legal power to stop China-Canada oil deal

Jerusalem Post -
By REUTERS WASHINGTON - Congressman Randy Forbes, a Republican who has been wary of China's military and economic power, said he is alarmed by a bid by China's state oil company CNOOC for Canadian oil company Nexen. But Forbes said there is not much he ...

Nexen bid shows China can learn

Financial Post -
Experts, pundits and netizens have all weighed in on the pros and cons of CNOOC's proposed US$15.1-billion purchase of Nexen, including various analyses of China's intentions and the implications for Canada's future relations with China. 

Did Obama push Canada into China's arms by rejecting Keystone?

The Week Magazine -
President Obama and Canadian Prime Minister Stephen Harper during a White House press conference April 2: Spurned by Obama, Harper appears to be cozying up to China. Photo: Alex Wong/Getty Images SEE ALL 36 PHOTOS Has China swooped in to claim a prize ...
 
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